SONGWON

SONGWON, which was founded in 1965 and is headquartered in Ulsan, South Korea, is a leader in the development, production and supply of specialty chemicals. The second largest manufacturer of polymer stabilizers worldwide, the SONGWON Industrial Group operates companies all over the world, offering the combined benefits of a global framework and readily accessible local organizations. Dedicated experts work closely together with customers to develop tailor-made solutions that meet individual requirements.

For further information, please go to: www.songwon.com.

SONGWON Industrial Co., Ltd.
Walzmühlestrasse 48
8500 Frauenfeld
Switzerland
+41 52 635 0000
www.songwon.com

SONGWON Industrial Group releases Financial Results for Q3/2018

SONGWON Industrial Group (www.songwon.com) today released its financial results for the 3rd quarter of 2018. In Q3/2018, gross profit amounted to 42,974 Mil. KRW, with sales for the quarter totaling 204,403 Mil. KRW. Profit for the period rose over 2017 by 38.4%, and the Group announced a 12.6% EBITDA for the 3rd quarter of the year.

SONGWON appoints Sea-Land Chemical Company as exclusive distributor for North America

SONGWON appoints Sea-Land Chemical Company as exclusive distributor for North America. (Photo: SONGWON Industrial Co., Ltd.)SONGWON Industrial Co., Ltd. is pleased to announce that it has entered into an exclusive distributor agreement with Sea-Land Chemical Company. Under the terms of the agreement, which takes effect in August, Sea-Land will be the official distribution channel for SONGWON’s products for the market segments: industrial lubricants, transportation lubricants and grease in North America (USA, Canada & Mexico).

SONGWON Industrial Group announces Financial Results for Q2/2018

SONGWON Industrial Group (www.songwon.com) today released its financial results for the second quarter of 2018. The Group achieved consolidated sales of 197,841 Mil. KRW and a gross profit margin of 18.1% (without impact from application of K-IFRS 1115: 19.4%) for Q2/2018 – marking a decrease of 5.5%pts (without impact from application of K-IFRS 1115: 4.2%pts) compared to Q2/2017. In the two quarters of the year, the Group realized consolidated sales of 388,313 Mil. KRW which is a 7.4% increase over the first six months of 2017 (361,707 Mil. KRW).

SONGWON names Connell Brothers Company its exclusive distributor for fuel and lubricant additives in China

SONGWON names Connell Brothers Company its exclusive distributor for fuel and lubricant additives in China.
(Photo: SONGWON Industrial Co., Ltd.)SONGWON has signed an exclusive distributor agreement with Connell Bros. ‒ the largest marketer & distributor of specialty chemicals and ingredients in the Asia-Pacific region. This further extends the relationship between the two companies, SONGWON having appointed Connell Bros. as its exclusive distributor in India in 2018. Under the terms of the agreement, which takes effect in August, Connell Bros. will be exclusively responsible for marketing and distributing SONGWON’s fuel and lubricant additives, which include aminic, phenolic, phosphite and thioester antioxidants, throughout China.

SONGWON announces global price increases for its polymer stabilizers

SONGWON Industrial Co., Ltd. announced today that prices for its polymer stabilizers products will be raised by up to 15%.

SONGWON underlines commitment to packaging industry and presents new ink binders and adhesives at ProPak

SONGWON underlines commitment to packaging industry and presents new ink binders and adhesives at ProPak.
(Photo: SONGWON Industrial Co., Ltd.)SONGWON Industrial Group is exhibiting its expanding range of ink binders and adhesives at ProPak, Asia’s number one show for food, drink & pharmaceutical processing and packaging. A leading specialist in polyurethane ink binder technology for gravure and flexography printing inks and polyurethane laminating adhesives used in flexible packaging laminates, SONGWON will showcase its latest high-performance products and solutions.

SONGWON further extends its antioxidant range for fuels and lubricants with the launch of SONGNOX® L570 at the STLE Annual Meeting & Exhibition

SONGWON further extends its antioxidant range for fuels and lubricants with the launch of SONGNOX® L570 at the STLE Annual Meeting & Exhibition.
(Photo: SONGWON Industrial Co., Ltd.)Following its successful debut at the Annual Meeting & Exhibition of the Society of Tribologists and Lubrication Engineers (STLE) in 2017, SONGWON will once again be present this year. The company will be introducing the latest addition to its range of antioxidants for fuels and lubricants. SONGNOX® L570 complements SONGWON’s broad aminic, phenol, phosphite and thioester antioxidant product range, further extending its breadth and depth.

SONGWON Industrial Group releases Q1/2018 Financial Results

SONGWON Industrial Group (www.songwon.com) today released its audited financial results for the first quarter of 2018, ended March 31, 2018. Recording a positive start to the year, the Group achieved sales of 190,472 Mil. KRW, marking an increase in revenue of 8.9% when compared to sales in Q1 of the previous year (Mil. KRW 174,965). During Q1/2018, EBITDA and EBIT margins increased to 12.4% and to 8.1% respectively.

SONGWON enters distribution agreement with Bodo Möller Chemie Russia LLC

SONGWON enters distribution agreement with Bodo Möller Chemie Russia LLC.
(Photo: SONGWON Industrial Co., Ltd.)SONGWON Industrial Co., Ltd. announced today that it has signed an exclusive distribution agreement with Bodo Möller Chemie Russia LLC. Effective from May 1, 2018, Bodo Möller Chemie Russia LLC will exclusively distribute SONGWON’s comprehensive range of polymer stabilizers in Russia, Belarus, Ukraine & Kazakhstan.

SONGWON reiterates its commitment to the Chinese plastics industry at Chinaplas 2018

SONGWON reiterates its commitment to the Chinese plastics industry at Chinaplas 2018.
(Photo: SONGWON Industrial Co., Ltd.)SONGWON Industrial Group, the second largest manufacturer of polymer stabilizers in the world, is once again exhibiting at this year’s Chinaplas in Shanghai, China (Stand J45 in Hall 8.2H). The company will be showcasing its solutions designed to match industry needs, including light and heat stabilizers, antioxidants, thermoplastic polyurethanes, PVC stabilizers and plasticizers.

SONGWON demonstrates commitment to the North American coatings industry

SONGWON demonstrates commitment to the North American coatings industry.
(Photo: SONGWON Industrial Co., Ltd.)For the first time, SONGWON Industrial Co., Ltd. is present at the American Coatings Show (ACS), showcasing its latest high performance solutions.

SONGWON Industrial Group reports strong sales performance in FY 2017

SONGWON Industrial Group (www.songwon.com) today reported its financial results for FY2017. In Q4/2017 ended December 31, 2017, sales continued to grow and SONGWON achieved consolidated revenues of 724.9 Billion KRW with a 4.4% increase year-over-year. Although not reaching the same level as the previous year, the results in 2017 were achieved in a far more challenging environment, demonstrating SONGWON’s resilience and ability to continue to deliver a good performance.

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